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It’s up to you. You have just received a once in a lifetime offer Alan Sugar has offered you a salary of £100,000 per annum for you to complete your dream job Look at your personal profile sheet and answer all the questions. LESSON 15: Choosing to save. TO KNOW:

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Presentation Transcript
it s up to you
It’s up to you...
  • You have just received a once in a lifetime offer
  • Alan Sugar has offered you a salary of £100,000 per annum for you to complete your dream job
  • Look at your personal profile sheet and answer all the questions
lesson 15 choosing to save
LESSON 15: Choosing to save
  • TO KNOW:
    • Reasons why people save and methods of saving
  • TO UNDERSTAND:
    • the different methods of saving
  • TO DO:
    • Investigate the rewards and risks of different methods of savings
you are in a position to save when
You are in a position to save when...
  • Your net income (after tax and all other deductions) is higher than your regular outgoings
where can you save
Where can you save?
  • High street banks
  • Building societies
  • National Savings and Investment (government)
  • Post Office car account – for pensioners or receiving benefits
learning against the clock 5 minutes per investigation
Learning against the clock – 5 minutes per investigation
  • You will be given one of FOUR envelopes
  • In this envelope will be information on one method of saving
  • You must carefully read through the information in your groups and then fill in the relevant table in your booklet
  • Some of this information is quite complicated but don’t worry... Ask me about any information you don’t understand
think back to the first activity
Think back to the first activity...
  • Which savings method would you use to save your money. Explain your answer.
learning outcomes you must should now be able to
LEARNING OUTCOMES“You must/should now be able to...”
  • ALL MUST:
    • Describe reasons for savings and methods of saving
  • MOST MUST:
    • Explain the rewards and risks of different methods of saving
  • SOME SHOULD:
    • Begin to evaluate the best method of saving for different people
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